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20130104
20130112
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the treasury secretary tim geithner. people came with a wall street. their biggest concern was protecting the banks, protect them if they saw. but they didn't have people sensitive to the issues. if you shovel hundreds of billions of dollars out for me you have real vulnerabilities to fraud. there says that will try to steal that money. they are not as attuned to complex adventures. we were cognizant of the fact he needed a degree of skepticism with people and institutions they were interacting. so our role and what the role of all ig should be as the voice of the taxpayer, to be the institutional concept of pushing back when money is pushed out with not enough strings attached whenever potential longer abilities to fraud but frankly if you have a career at goldman sachs coming your not really sensitive to when you push this money out. one of the things i saw was this presumption of goodness that these banks and executives would never, ever take advantage of the taxpayer by putting their profit interest over that of the public interest and i think our voices of skepticism to bring that ba
with the republican party was also there. can duberstein was a member of the board. seal the seams. tim geithner is in your book, nor treasury secretary. was his relationship to all this? >> guest: tim geithner is the president of the new york fed during the years when regulation became extremely lax in this country for financial institutions and particularly new york, citibank was the purview of the new york fed and obviously not paying attention because citibank became one of the biggest nightmares of the bailout brigade. so tim geithner was really at the creation of this kind of belief that banks could set their own capital standards, which are riveted for a wonderful thing that spreads risk and financial innovation was not to be stopped. there's all this kind of mindset really came down from greenspan i think, who said it really was anti-regulation, not interested in making sure that financial products that were sold to people were not going to go up on them five minutes later. and so, there was a tone that bankers would never do anything so silly as to take the risks that would load themsel
night live character making fun of tim geithner. it was funny. he told me how outrageous this was and how the secretary himself was very upset when he heard about this, but i learned he has no sense of humor. [laughter] but it was bad. so we decided we'd meet off line and have a drink at one of those terrible washington restaurants to try to just clear the air. and we sort of had our chitchat, and i talked about how our daughter was about to be born, and then the conversation sort of turned. and he asked me what i wanted to do next, what my plans were after in this temporary job i had. i explained i wasn't really sure. i said, well, maybe a job on the street, meaning wall street, i said i wasn't really sure. and he said i was doing myself real harm. he explained to me that my tone of my criticisms of wall street as well as the obama administration was going to really harm my ability to get a job after i left this position. and, you know, i explained to herb that i wasn't terribly concerned about a job, i had a focus on this, and he pressed. he said what about something in
treasury secretary tim geithner. you can see live coverage on the companion network, c-span. this week at six eastern on c-span2 we are featuring past programs to read to the supreme court justice antonin scalia on the book making your case the art of persuading judges and gives advice to lawyers on presenting oral argument. then at seven eastern it's another programs to convert >> back in the private student lending markets. you saw a lot of families who were not necessarily going to the colleges and another student was going to say in music school i wrote an article about a gardiner who said his son to college, the first in the family to go to college. the dad made about $21,000 a year in family income and he was able to borrow 6 feet to six figures for his son. there was no underwriting. and this lender by the way settled with the attorney general's office because i don't know if you remember, it was called the preferred lender list where the lender's word in some cases accused of pay schools for preferential treatment and for them to sort of steerer students towards a particular lo
strikes to replace tim geithner as treasury secretary. that could come as early as tomorrow. this as the president continues to develop his team for the second term. the announcement is likely also to be a topic of reporters questions this afternoon during today's white house briefing jay carney will brief media members at 145. you can see that on c-span2. it's about this time of the year state governor's offer their state of state addresses. c-span will bring several and beginning at noon eastern. >>> to this year marks the 100th anniversary of richard nixon's dearth. join us tonight for any event if you ask how many are self identified libertarians, depending on which poll you look at you might be getting between ten to 15%. if you ask questions like if you give people a battery of questions about different ideological things like to you believe in x and y and track those to different ideologies than depending which pull your looking at you get maybe it to 30% of americans calling themselves libertarian. if you ask the following question: are you economically conservative
of staff jack lew. he would replace treasury secretary tim geithner. that announcement is set for 1:30 eastern today. c-span will have live coverage. all this week at 6 eastern here on c-span2 we're featuring past q&a programsment today it's supreme court justice antonin scalia on his book, "making your case: the art of persuading judges." it gives advice to lawyers. and then at 7 eastern, it's another q&a program, a conversation with neil barofsky. he's written a book called "bailout: an inside account of how washington abandoned main street while rescuing wall street." >> back in the heyday of the private student lending market, um, you saw a lot of families who weren't necessarily going to for-profit colleges. you know, their student was going to, say, a music school. i wrote an article about a gardener who sent his son to college, you know, the first in the family to go to college. he made about -- the dad made about $21,000 a year. that was family income. and he was able to borrow six figures from a private student lender for his son. and, i mean, there just was no underwriting
president obama tapped current white house chief of staff jack lew to take the place of tim geithner, and we expect that announcement tomorrow. jay carney likely to get questions about that today at the white house briefing set to start at 2:15 eastern now, and it will be live here on c-span2 live coverage, a discussion on this year's budget battle from today's "washington journal." >> host: back at the table is the president of club for growth, talking about the republican agenda for the 113th congress. let me show our viewers the "washington times" from mondays and the headline, g.o.p. shut down and sanity jolt as a way to press need for cuts." when it comes to the next budget battles ahead, republican senators, ted cruz, and others, laying the ground work. are you part of the effort or consulting with them on this? what do you think about it? >> guest: we supported people like cruz and others champions of economic freedom in the senate and other house members. we do that because we want fiscal sanity in washington. we endorse people at the club for growth we think hold a pro-growth view,
Search Results 0 to 6 of about 7